MAY LEASE SALE REPORT ISSUED BY STATE MINERAL BOARD

The State Mineral Board conducted a Lease Sale May 8, 1996 at 10:00 a.m. in the Mineral Board Hearing Room located in the State Land and Natural Resources Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 1995-96 Fiscal Year totals.

                 NOMINATED  NOMINATED  LEASES  NO. OF    AMOUNT OF
CLASSIFICATION       TRACTS     ACREAGE    AWARDED  ACRES    CASH
PAYMENTS

Lease Sale May 8, 1996
State Offshore Leases      5      8,066.630     3    2,137.860    $636,794.09
State Onshore Leases      30     31,769.230    15    8,614.690   4,236,281.91
State Dedicated Leases     0          0.000     0        0.000           0.00
State Agency Leases        1         60.000     0        0.000           0.00

TOTAL SALE                36    39,895.860   18    10,752.550 4,873,076.00


1995-96 Fiscal Year
State Offshore Leases    244    345,523.250    93   77,153.787 $14,887,229.41
State Onshore Leases     460    536,661.989   182   82,787.834  16,092,773.87
State Dedicated Leases     5     10,618.840     2    2,710.240 546,113.36
State Agency Leases       37      4,768.090    29    2,262.981 506,600.41

TOTAL YEAR TO DATE    746    897,572.169   306  164,914.842 $32,032,717.05

Additionally, Board members have selected Robert Dailey of Lafayette to serve as the Mineral Board Chairman, and Robert H. Wooten of Baton Rouge as Vice-Chairman.

Editors: For more information, please contact Gus Rodemacher, DNR Office of Mineral Resources at (504) 342-4607.